Betsy, a recent retiree, requires 6,000 per year in extra income. She has 70,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate deposit (CD) paying 7% per year. How much money should be invested in each to realize exactly 6,000 in interest per year?
The amount of money invested at 15%=
The amount of money invested at 7%=
Oct 28th, 2015
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